Nexus NXS Mining Case

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Looking for a way to play the impending bounce in gold prices? You should be, and you should be looking at Nexus Gold Corp. (OTCMKTS:, CVE:NXS) in particular. This junior gold miner is gelling at the exact right time, for all the right reasons. First and foremost, gold prices are on the verge of bounce, largely driven by an impending pullback of the overextended U. What Is Cryptonex CNX Mining Actually Doing. S. A comparison of the SPDR Gold Trust ETF (NYSEARCA:) versus the U.S.

Dollar Index tells the tale. GLD fell 11% between September and last week's low, in (inverse) step with the 6.7% advance the U.S. Dollar made during that time. A huge move by currency standards. The dollar's rally was predicated on the likelihood of rising interest rates, but now that the dust has settled, traders are starting to realize they overshot. Today's 0.37% pullback from the dollar is the biggest pullback we've seen in weeks, suggesting the pendulum is swinging the other way.

It's not just the dollar's pullback that's ultimately poised to send Nexus Gold shares higher though. With or without the dollar's help, GLD was poised to bounce thanks to a near-perfect encounter with its Fibonacci retracement lines. Specifically, the SPDR Gold Trust ETF essentially dished out a 62% retracement of its January-to-July rally with Wednesday's low of $112.65. With that key psychological 'hit' now fully under its belt, odds are good traders are going to view it as a buying opportunity again.

That said, it's not as if it's just the fact that GLD is ready to bounce that makes NXXGF (or VXS, for those traders in Canada) such a compelling prospect right now. The company's got plenty going on internally to merit a closer look. Nexus describes itself as 'a Vancouver-based mineral exploration company focused on gold development projects in some of the world's premier exploration and mining districts.' It's doing exactly that.

It started its aggregation last year with the Walker Ridge Gold Project, located in the Jerritt Canyon/Independence Gold Trend in northeastern Nevada. Walker Ridge is a drill-ready, multiple target, Carlin-type gold exploration property. Located roughly 60 miles north of Elko, the drill-ready Walker Ridge Carlin-type gold project consists of 4,690 acres in Nevada's Independence/Jerritt Canyon Trend and is located between the Jerritt Canyon and Big Springs properties. (Jerritt Canyon holds an estimated 11 million ounces of gold in historic and current resources, while Big Springs has 1.2 million ounces of gold in inferred resources.) The company has spent $1 million in development work since 2012, which includes the first-ever drill hole at Walker Ridge that returned both gold and silver mineralization in the lower plate host rocks. Earlier this year it added Bouboulou to its collection. Located in Burkina Faso, West Africa. The near-surface exploration project has numerous historical gold occurrences of both length and grade.

The property was previously explored by Riverstone Resources and Roxgold Inc. The just this week, Nexus Gold announced it had inked a deal that would add the Niangouela Gold Concession to its stable of prospects. The 178 square kilometre concession is located on the Boromo Greenstone Belt, same as the Company's Bouboulou Gold Concession and is proximal to the Kalsaka deposit. The property is road accessible and has one major orpaillage (artisanal workings).

To date 556 pits and 11 trenches have been excavated, and rock and soil samples have been taken. A total of 1137 samples have been collected.

Previous programs have identified a zone which runs ENE and WSW occurring in the south central part of the concession. This zone has returned gold in soil samples up to 34 g/t Au, rock samples have returned values up to 18 g/t Au, and trenching has returned values of 4.85 g/t Au over 10 meters. More such deals may be in the works as well, making good on the company's stated M.O., and giving the company multiple opportunities to find gold and start producing it in the near future. And yet, Nexus Gold has something of an ace up its sleeve. It's called Element Detection Technology (EDT).

In simplest terms, it's a metal detector on steroids, though even that doesn't do the technology justice. The proprietary technology allows for the in-situ detection and mapping of targeted minerals. Gold, in this case.

If the desired element is detected, a response from the equipment is given and the strength of those responses become 'points of interest.' The results of a 2014 EDT survey of Walker Ridge were included in the report which identified more than three dozen points of interest spanning eight clusters in a 2-square-mile area at Walker Ridge. The information was used to optimize the drill-hole selection in the planning of the site's 2015 drill program, which in turn led to the quick and easy discovery of gold and silver on the property.

It may not be a highly-known name right now, but that's the point. Better to wade in easily than fight with other traders to get in once the stock's price starts edging higher. The underlying story is certainly compelling enough, and now, the timing looks like it couldn't be any better.

Starting Nexus Miner at 6:10 AM. Stopped mining at 7:10 AM with 0.0000 balance, 0.000 payout, 77 shares, 401.53 WPS. Diff 8.1 All the while it entirely killed my GPU mining with another coin. It seems like an hour didn't even generate one thousandth of a coin.

What should I expect with my WPS? Why couldn't they just use mh/s like everyone else - doesn't require some weird obscure stuff to know how well you're doing. I have googled stuff for over an hour trying to figure out how many coins I would make, and best I can tell, was march 2017, I should make around 80 coins a month, with that speed. Obviously that isn't the case here. I'm specifically looking for something to mine with processors to hodl. Is nexus just bad for mining? I5 4690 if it matters.

Thank you very much for this information, this is one of the best reddit replies i've seen. Seriously good stuff. I didn't know pool payouts could be so infrequent. I'm currently mining with GPU and getting frequent payouts of once per hour or so.

I know the CPU isn't gonna make a ton, but my single 290 is making about 3 bucks a day, and my 1080 is making about 2.25. I have two intel processors i can mine with, and these rigs are already gpu mining all day anyhow. Im not sure if this is the coin for me or not because of the lack of pool features. I really like cryptopools method, their web feature is amazing, i can just check my address on my phone.

I like being able to monitor progress in real time. When i was mining nxs, it was showing zero progress for an entire hour. • • • • • • •.